Compensation
TCS to give 100% variable compensation scheme to employees
TCS has administered a 100% variable pay scheme.
Compensation: HR News, Trends & Workplace Insights
Explore the latest Compensation news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
Updated on: Dec 2022
Tech Mahindra rewards ESOP to employees worth over Rs lakh
A leading provider of digital transformation, consulting, and business re-engineering solutions, Tec...
Compensation
Dec 22, 2022
Cognizant India spent over Rs crore on salary hikes
According to Timesnownews, IT major, Cognizant India has spent million over Rs crore in ...
Compensation
Dec 20, 2022
Meta cuts employees benefits to reduce cost
An American multinational technology conglomerate, Meta to reduce cost, is reportedly planning to cu...
Compensation
Dec 16, 2022
Compensation
50,000 employees subscribe to Capgemini’s ESOP
Capgemini has announced the significant success of its ninth Employee Share Ownership Plan (ESOP) with an employee subscription rate of 128%. For Aiman Ezzat, Chief Executive Officer of the Capgemini Group: “As a strategic business and technology partner of large companies and organizations, the Group continues to record strong momentum.” “With 50,000 employees subscribing, the sheer scale of this plan […]
Compensation
EnKash rolls out special ‘Attitude Bonus’ for employees
India’s 1st, all-in-one comprehensive corporate cards & payments platform, EnKash has launched an industry-first incentive program called the “Attitude Bonus”. This program will provide an opportunity for employees with higher packages for demonstrating ownership and driving a larger impact. Naveen Bindal, Co-Founder, EnKash said, “A company’s team is one of its deal-breaking elements. While skills and […]
Compensation
Krispy Kreme to pay over $1.1 million in back wages
Krispy Kreme Doughnut Corp. has agreed to pay $1,187,757 in back wages and liquidated damages to 516 workers to resolve overtime violations in multiple locations found as part of a U.S. Department of Labor investigation. On Nov. 7, 2022, the department filed a complaint listing the violations and a consent order defining the settlement in […]
Compensation
Jet Airways Cuts Salaries, Sends Several Employees On Leave Without Pay
An Indian airline, Jet Airways has decided to send about 60 percent of its employees to leave without pay (LWP) from December 1 for three months. Some of the senior management will also be part of LWP. The airline has also cut some employees’ salaries by up to 50 percent. The quantum would be higher […]
Compensation
Infosys to roll out 65% variable pay for Q2
India’s second-largest IT major, Infosys announced that its employees will be receiving 65 percent variable pay for the July – September quarter of FY23. According to the email sent to employees, the average payout at an organization level is 65% for Q2FY23 and the individual payout percentages will differ based on the individual’s performance and contribution […]
Compensation
Deutsche Bank announces to pay inflation bonus to employees
A German multinational investment bank and financial services company, Deutsche Bank has announced that the bank will pay an inflation bonus to its employees. The news comes at a time when companies have been laying off employees due to rising inflation. IT companies are already seeing margin pressure due to inflation and impending recession in markets […]
Compensation
Wipro rolls out 100% variable pay for Q2 along with Nov’s payroll
India’s IT services provider company, Wipro rolls out 100 percent variable pay along with November’s payroll. A Wipro spokesperson said in a statement, “We will continue to invest in our people and their growth.” “For the second quarter of the financial year 2023, Wipro pays out 100 percent of variable pay to all employees whose pay-out […]
Compensation
Infosys rolls out 60% variable pay for BPM employees
The business process management subsidiary of Infosys Ltd., Infosys BPM (business process management) has announced that the average variable payout for its employees is 60% in the second quarter of this fiscal. The variable pay will be paid to its employees with their October salaries for some bands of employees (J4, J5, and J6). Infosys […]
Compensation
Indian employees likely to see highest salary hikes in 2023, Report
Soaring inflation is set to put a major dent in salary hikes for the second year running in 2023, according to a new survey that sees just 37% of countries globally expecting to report real-term wage hikes. The worst-hit region is likely to be Europe, where real salaries – nominal wage growth minus the rate […]
Compensation
Infosys confirms 10-13% salary hike, embarks on wage cost battle
According to a mint report, an Indian multinational information technology company, Infosys Ltd has confirmed the salary hike for employees. The increments depend on an employee’s grade, with the senior management receiving lower salary hikes as their salaries are high. Infosys has added that a section of top performers receives 20-25% increments. However, it further […]
Compensation
SpiceJet announces steep salary hike for pilots ahead of Diwali
SpiceJet has announced a revised salary structure for its captains ahead of Diwali, in which the carrier increased their monthly remuneration by around 55 per cent to Rs700,000 for a total of 80 hours of flying. “Captains’ salaries revised to INR 7 lakh per month for 80 hours of flying. SpiceJet has been revising pilot […]